ICAP’S 2012 Mailer is Out!

Be on the lookout in your mailboxes for ICAP’S 2012 mailer that highlights ICAP’s summer seminars. Every licensed appraiser in Illinois should be expecting this postcard in the mail which features a promotional code (ICAP) that allows new members to join ICAP for 50% the regular price (for the remainder of 2012).

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Past American Society of Appraisers International President (’94-’95), Richard A. Kaufman, FASA, passed away on Tuesday, May 21, 2019. Dick was a career machinery and equipment appraiser and member of the Society for 42 years. He was a true supporter and active volunteer, holding numerous leadership positions, including: Chair of the International Activities […]

Tweet RESTON, VA–On April 26th, ASA’s RP-NAIFA Committee met at ASA’s offices in Reston, VA, for a daylong conversation around the ongoing activities of the committee, as well as to discuss growth opportunities for ASA in Real Property education and membership. Participating in the meeting were members of the RP-NAIFA Committee, as well as key […]

Tweet SAN FRANCISCO, CA — Eleven American Society of Appraisers (ASA) members attended the 2019 FEWA National Conference on April 26-27, 2019 in San Francisco, CA. The FEWA National Conference was a two-day learning and networking experience that provided advanced training skills for experts of all levels and disciplines. Based in San Francisco, the Forensic […]

By Sharon Reed DAYTONA BEACH, FL–The American Society of Appraisers (ASA) and The David B. O’Maley College of Business of Embry-Riddle Aeronautical University (ERAU) are jointly hosting a special session of Aircraft Appraisal certification coursework to meet the needs of a group of appraisers who were affiliated with the National Aircraft Appraisers Associat […]

By Sharon Reed SOUTH AFRICA — ASA Business Valuation Appraisers are invited to attend an exciting trip to South Africa from August 27 – September 8, 2019. Sponsored by ASA’s Business Valuation discipline, in collaboration with the Institute of Chartered Accountants of Zimbabwe (ICAZ), Great Escapes Travel and African Travel, Inc., this premium educational de […]

By Sharon Reed DAYTONA BEACH, FL – A cohort of 32 graduates recently completed the joint American Society of Appraisers (ASA)/ Embry-Riddle Aeronautical University (ERAU) Aircraft Valuation Certification Program at the ERAU campus in Daytona, Beach, FL. A graduation ceremony was held on March 15, 2019 in ERAU’s new Mori Hosseini Student Union with more […] […]

By Sharon Reed PHILADELPHIA, PA –The Philadelphia Chapter of the American Society of Appraisers (ASA) will hold its 14th Annual Spring Business Valuation Seminar on Friday, April 26, 2019, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders: ֍ Large Estate Valuation Issues […]

TweetBy Sharon Reed Dr. Vitaly Guzhva Discusses the Aircraft Valuation Program at Embry-Riddle Aeronautical University in Daytona Beach, Florida DAYTONA BEACH, FL — Aircraft appraisal certification candidate students based in the United States as well as from many other countries have attended the consistently sold-out American Society of Appraisers (ASA)/ E […]

TweetBy Sharon Reed Business Referrals are Among the Many Values of ASA Accreditation BOCA RATON, FL– Duane W. Hutchison, ASA, GG (GIA), MGA, CIA, an independent jewelry appraiser/owner of D&H Jewelry Appraisals in Boca Raton, Palm Beach County, FL, was recently hired for a major project by a high net worth client who found him […]

The Appraisal Institute announced March 25 that it attended several high-profile events throughout the month, which helped the organization enhance its role as the valuation profession’s thought leader.

The Appraisal Institute California Government Relations Committee announced March 24 a legislative campaign to amend the state’s appraisal license law to allow state-licensed appraisers to use valuation standards other than the Uniform Standards of Professional Appraisal Practice when performing appraisals for any purpose other than for federally related tra […]

Delinquency rates for commercial mortgage-backed securities fell for the fourth consecutive month in February to 5.58 percent, analytics firm Trepp reported March 19. Experts said that the declining number of delinquencies and a healthy dose of new issuances indicate a strong year for CMBS.

Foreclosures decreased by 4 percent between January and February, marking the lowest level of foreclosures since August 2006, analytics firm RealtyTrac reported March 19. The report noted the decrease is a sign that the housing market is on track to return to historic norms.

Average fixed mortgage rates moved down during the past week, with the average 30-year fixed mortgage rate continuing to hover below 4 percent, Freddie Mac reported March 19 in its weekly Primary Mortgage Market Survey.

Mortgage lenders are optimistic about the housing market, saying they expect increased mortgage demand and larger profits over the next three months, Fannie Mae reported March 18 in its Mortgage Lender Sentiment Survey. The survey also noted that credit tightening has gradually eased up over the last few months.

Some California farmers are finding that their water has greater value than their land, and so instead of planting crops they are selling their water rights — for as much as $700 per acre foot — to Southern California communities, CBS San Francisco reported March 17.

A bipartisan group of senators, including members of the Senate Banking committee, are fighting against the federal government’s use of Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending, HousingWire reported March 17. The senators said the practice is a “back-door tax” on homeowners.

The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to several factors, including a sluggish housing market.

Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.

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Illinois Coalition of Appraisal Professionals

ICAP is one of the nation’s oldest and largest coalition of professional appraisers, established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois.